The Only Healthcare Stock I Would Buy and Never Sell Is Medtronic
2026-02-21 10:05:00 ET
I am not a scientist or a medical doctor, so I'm a bit leery of buying healthcare stocks. I've actually outsourced this task to BlackRock Health Sciences Trust (NYSE: BME) , a high-yield closed-end fund that uses a covered-call strategy.
But there's one healthcare stock that was attractive enough for me to buy on my own: Medtronic (NYSE: MDT) . Here's why, and why I'm planning to pass it on to my heirs eventually.
Medtronic is one of the world's largest medical device companies . It has a diversified portfolio, operating across the cardiovascular, neuroscience, and medical-surgical spaces. It also has a material diabetes business, but that's about to be spun off as Medtronic refocuses on its highest-profit, fastest-growing operations. The key, for me, is that Medtronic isn't a one-trick pony even when you take the spinoff into consideration.
NASDAQ: MDT
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